Steel rate in Pakistan

Steel is an essential item for buildings and construction purposes. People always need to know the steel rates for personal or commercial purposes. So, it is necessary to check the steel rates in Pakistan before making instant decisions.

There are many grades of steel/Saria in Pakistan. Rates for all the categories are also different.

As of today, June 2024, the Saria Steel rate in Pakistan is Rs. 294 per kg for steel grade 40 and Rs. 298 per kg for steel grade 60.

There are many grades of steel/Saria in Pakistan. Rates for all the categories are also different.

Today Steel Rate in Pakistan |June 2024

Grade 60 and Grade 40 Steel Rate Today

Steel Iron Rod Size in Sutar/mm	40 Grade Rate in KG	40 Grade Rate in Metric Ton	60 Grade Rate in KG	60 Grade Rate in Metric Ton
3 sutar / 10mm	RS. 262 Per KG	RS. 262,000 Per Metric Ton	RS. 264 Per KG	RS. 264,000 Per Metric Ton
4 sutar / 12mm	RS. 260 Per KG	RS. 260,000 Per Metric Ton	RS. 262 Per KG	RS. 262,000 Per Metric Ton
5 sutar / 16mm	RS. 255 Per KG	RS. 260,000 Per Metric Ton	RS. 260 Per KG	RS. 262,000 Per Metric Ton
6 sutar / 20mm	RS. 260 Per KG	RS. 260,000 Per Metric Ton	RS. 262 Per KG	RS. 262,000 Per Metric Ton
7 sutar / 22mm	RS. 260 P8er KG	RS. 260,000 Per Metric Ton	RS. 260 Per KG	RS. 263,000 Per Metric Ton
8 sutar / 25mm	RS. 260 Per KG	RS. 260,000 Per Metric Ton	RS. 263 Per KG	RS. 263,000 Per Metric Ton

Local Steel Price in Pakistan

City Wise Local Steel	40 Grade Rate in KG	40 Grade Rate in Metric Ton	60 Grade Rate in KG	60 Grade Rate in Metric Ton
Karachi	RS. 246 Per KG	RS. 246,000 Per Metric Ton	RS. 248 Per KG	RS. 248,000 Per Metric Ton
Lahore	RS. 242 Per KG	RS. 242,000 Per Metric Ton	RS. 243 Per KG	RS. 243,000 Per Metric Ton
Peshawar	RS. 237 Per KG	RS. 237,000 Per Metric Ton	RS. 238 Per KG	RS. 239,000 Per Metric Ton
Islamabad	RS. 244 Per KG	RS. 244,000 Per Metric Ton	RS. 245 Per KG	RS. 246,000 Per Metric Ton
Faisalabad	RS. 239 Per KG	RS. 239,000 Per Metric Ton	RS. 241,000 Per Metric Ton	RS. 263,000 Per Metric Ton
Gujranwala	RS. 238 Per KG	RS. 238,000 Per Metric Ton	RS. 239 Per KG	RS. 240,000 Per Metric Ton
Quetta	RS. 246 Per KG	RS. 246,000 Per Metric Ton	RS. 248 Per KG	RS. 248,000 Per Metric Ton
Multan	RS. 244 Per KG	RS. 244,000 Per Metric Ton	RS. 246 Per KG	RS. 246,000 Per Metric Ton

Branded Steel Price Today

Brand Name	40 Grade Rate in KG	40 Grade Rate in Metric Ton	60 Grade Rate in KG	60 Grade Rate in Metric Ton
Amreli Steels	RS. 270 Per KG	RS. 270,000 Per Metric Ton	RS. 272 Per KG	RS. 272,000 Per Metric Ton
Mughal Steel	RS. 268 Per KG	RS. 268,000 Per Metric Ton	RS. 270 Per KG	RS. 270,000 Per Metric Ton
Agha Steel	RS. 266 Per KG	RS. 266,000 Per Metric Ton	RS. 268 Per KG	RS. 268,000 Per Metric Ton
AF Steel	RS. 264 Per KG	RS. 264,000 Per Metric Ton	RS. 266 Per KG	RS. 266,000 Per Metric Ton
Moiz Steel	RS. 264 Per KG	RS. 266,000 Per Metric Ton	RS. 268 Per KG	RS. 268,000 Per Metric Ton
Union Steel	RS. 269 Per KG	RS. 269,000 Per Metric Ton	RS. 271 Per KG	RS. 271,000 Per Metric Ton
Naveena Steel	RS. 265 Per KG	RS. 263,000 Per Metric Ton	RS. 266 Per KG	RS. 268,000 Per Metric Ton

Factors Influencing Steel Rates in Pakistan

Several factors influence steel rates in every city of Pakistan. Some factors are:

Supply and demand

The supply and demand are the most important factor for any item. If there is much demand, the rate will be high, and when there is no demand, the rate will be low.

Transportation costs

Transpiration costs also run the prices of iron and steel because of importing and exporting matters.

Material costs

Price also depends upon the material of steel and the quality of the material used in steel.

Shipping and labour costs

The manufacturing and labour costs also play a role in influencing the price of steel because of service charges.

Currency fluctuations

As Pakistan’s currency has less value, the change in currency from the international market also affects Pakistan’s steel rate.

Exchange rates

The exchange rate also affects the prices of steel in Pakistan.

For a comprehensive understanding of economic trends,including the precious metals prices, consider the stay updated about chandi rate in Pakistan for a well understanding of economic trends.This extended view can give insights into relevant factors raising many commodities, including steel.

Major Steel Companies in Pakistan: A Closer Look

Pakistan has some of the best and most popular steel companies. Here are some:

PSM (Pakistan Steel Mills)- Located in Karachi
Amreli Steels Limited- Located in Karachi
Aisha Steels Mills Limited- Located in Karachi
Ittehad Steel- Located Headquarters in Islamabad
International Industries Limited- Lahore bases steel company
Mughal Steel- Located Headquarters in Lahore
Fazal Steel Limited- Based in Islamabad
Model Steel Group- Located in Lahore
Bilal Steel Mills- Based in Lahore

How to check Steel/Saria Quality?

Checking the quality of steel before making any deal is very important. There are some methods to check the steel quality in Pakistan:

Precautionary Measures for Steel in Pakistan

The workers should follow the precautionary measures:

Pros and cons of Steel in Pakistan

There are both pros and cons of Steel/Saria.

Pros of steel

Steel is popular due to its strength and durability.
Steel can be used in various forms and manners due to its versatility.
Steel is fire resistant, so it is well-known in buildings due to its fire-safe concern.
Steel rods are popular because of their design flexibility. You can change the shape of steel rods with a hammer.

Cons of steel

Steel is very hard and heavy to handle. It isn't easy to transport and lift the iron rods.
Many steels are corrosion-resistant, but some still face corrosion.
Initial costs for using steel are much higher.
Steel is a good conductor of heat but not electricity.

What determines the Steel rate in Pakistan?

The cost of steel internationally, Pakistan’s demand for the steel, availability, government regulations and taxes determine the rate of steel in Pakistan.

Outlook for Future Steel Rates in Pakistan

The rate of steel in Pakistan is stable now, but some points like market and economic circumstances, global trends of steel, and government regulations and taxes for steel should be considered.

Conclusion

In conclusion, the steel industry in Pakistan remains essential for construction projects, commercial projects, and industrial growth. As Pakistan continues to point out the economic challenges and work on its development goals, a successful and competitive steel sector will remain essential for running progress and prosperity in the country.

Many factors influence the steel rate in Pakistan, like transportation costs, material costs, exchange rates, currency changes, and government policies. These factors are playing a role in the cost of steel in Pakistan.

FAQs

What is the current steel rate in Pakistan?

The price of 40-grade steel is Rs. 262, and the cost for 6-grade steel in Pakistan is Rs. 264 today.

What is the total demand for steel in Pakistan?

Over the previous five years, the steel demand has been 7.3 million tons per year.

How many steel mills are there in Pakistan?

There are many steel factories in Pakistan, but proper steel mills are 20+.

Which steel mill is best in Pakistan?

Ittehad is one of the best steel mills in Pakistan.

What is the material of steel?

Steel is an alloy of carbon and iron.

Is steel a mineral?

No, steel is not a mineral. It is a product that is human-made.

What is steel used for?

Steel has a great use in Pakistan. Steel is used in our daily machines, like cars, construction products, refrigerators, washing machines, ships, and surgical instruments.

How much steel will be used for 5 Marla houses?

Around 1200-1500 kg of steel will be used for five marla houses in Pakistan.